New York, Michigan, California, Florida, Illinois, New Jersey, Texas, Virginia, Pennsylvania, Georgia, Maryland
Country: United States
Power of Attorney (POA) is an important document that many NRIs often have to deal with. This document is mostly used in real estate transactions. A lot of attention should be paid to the NRI Power of Attorney while you are getting it made. Especially in cases where there are large monetary transactions, making sure that you have drawn the right NRI Power of Attorney, and followed all the due procedures will help keep your transaction safe.
A Power of Attorney (POA) is a document that gives another person chosen by you, the power to undertake acts or deeds when you cannot physically be present. In essence, a Power of Attorney gives the designated person the power to execute deeds or sign certain contracts on your behalf. Exactly what this designated person can do is also specified in the document.
Before you decide to draw a POA, you must know that there are two possible kinds of POA. Let us look at them in greater detail:
A general POA gives the designated person a larger scope of power to complete multiple transactions or deeds that is expected.
A special POA is narrower in scope. It specifies exactly what deeds or transactions the designated person can complete on your behalf.
If you want to draw a POA and send it to India, then it is best to go to your local Indian Consulate to get it attested. This is very important as the document will not be valid unless you attest it first. Here are the steps you should take to get your NRI POA attested at the Indian Consulate:
We recommend that you call your local consulate in advance to confirm exactly which documents and how many copies of them you would need. This will ensure that you are prepared, and will save everyone involved a lot of time. However, here are the main documents that you will need to take with you when you go to get your POA attested.
Keeping all these points in mind will make your journey to sending that Power of Attorney to India an easier task than you imagined.
Income Tax Rule for NRI's, NRI's Avoid Double Taxation, Property Registration Process in India
Q: What is an OCB(Overseas Corporate Body)?
A: OCBs as the name suggests are corporate bodies, businesses, charities, trusts, or any other body which is owned to an extent of atleast 60% by persons of Indian origin residing outside of India....
Q: Can a citizen of another country, use his PIO status to gain dual citizenship?
A: A bill was passed to grant dual citizenship to PIOs on 22nd December 2003. The bill received the approval of the president on January 7, 2004. This will help grant to PIOs of full age and their...
Q: Can an NRI vote in the Indian Government elections
A: As of now, India does not have an absentee ballot system. Section 19 of The Representation of the People Act (RPA)-1950 allows a person to register to vote if he or she is above 18 years of age and...
Q: Can an NRI grant a power of attorney to a resident of India
A: An NRI is free to grant Power of Attorney to a Resident. However, such Power of Attorney is restrictive. The Power of Attorney holder can do local operations and give deposit renewal instructions....
Q: Can resident Power of Attorney holder operate on the NRE accounts
A: Yes, but only for local payments to be made on behalf of the account holder. In cases where the account holder or a bank designated by him has been granted permission by Reserve Bank to make...
Business and Finance
Immigration & Visa
Return to India
Indian-origin man arrested after infant's death in US - Times of India
American Pai in the sky: The Indian-American who has ignited furious debate by seeking to torch net neutrality - Times of India
Kennedy Center receives $1 million aid for Indian cultural performances - Times of India
Congressional committee votes to increase minimum salary of H1B visa - Economic Times
Japan to relax visa regime for Indians from January 1 - Economic Times
Impact Of FATCA On NRI Property in India
Power of Attorney for NRI to Sell Property in India
Which Bank is Safe For Fixed Deposit in India
Repatriation of Pension from India to USA
OCI and PIO Merger
5 Steps to Get your Indian Passport Renewal in USA
5 Most Famous Hindu Temples in USA
How to Get Aadhar Card for NRI
10 Important Things NRIs Buying Property in India Must Know
Tax Rules for NRI to Buy/Sell Property in India
Telugu Association Membership
New Jersey Telugu Association Membership - 2017
, New Jersey
2017-12-31 To 2017-12-31
Winter Mela 2017
2017-12-17 To 2017-12-17
Masquerade New Years Eve Gala
Annual Home Tour
Annual Candle Light Home Tour
Desi New Years Gala
Desi New Years Gala - A Bollywood Style Venetian Masquerade Ball
, New York
2017-12-31 To 2018-01-01
Disclaimer - The content on this site is for informational purposes only.
Copyright © 2017 Videshi.com
Please login to make this action
You can save this page with current page title or you can create new page title.